ARCHIVED - Information for Residents of Nova Scotia
5003-PC
Table of contents
All the information you need to calculate your Nova Scotia tax and credits is included on the following pages. See also Form NS428, Nova Scotia Tax , and Form NS479, Nova Scotia Credits . Complete the forms that apply to you, and attach a copy to your return.
What's new for 2004?
The rates used to calculate your provincial taxes have changed. The rate used to calculate provincial income tax has been reduced for taxable income of $29,590 or less. A new tax bracket for individuals with taxable income over $93,000 has been added.
The labour-sponsored venture capital tax credit has been extended to December 31, 2009.
The calculation of the non-refundable tax credit for medical expenses has changed.
Form NS428, Nova Scotia Tax , reflects these changes.
Nova Scotia Child Benefit
The Nova Scotia Child Benefit (NSCB) is a non-taxable monthly payment to help low- and modest-income families with the cost of raising children under age 18. Benefits are combined with the Canada Child Tax Benefit (CCTB) into a single monthly payment.
Under the NSCB, you may be entitled to receive a benefit of $37.08 per month for the first child, $53.75 per month for the second child, and $60.00 per month for each additional child. Families with net income between $16,000 and $20,921 may receive part of the benefit.
You do not have to apply separately to receive payments under this program. We will use the information from your CCTB application to determine your eligibility for the program.
File your tax return - You (and your spouse or common-law partner) should file your 2004 tax return(s) as soon as possible. The information you give on your return(s) will determine how much you will receive, starting in July 2005.
This program is fully funded by the Province of Nova Scotia. For more information, call 1-800-387-1193.
If you have questions…
If you have questions about the Nova Scotia political contribution tax credit, contact:
Office of the Chief Electoral Officer
Government of Nova Scotia
P.O. Box 2246
Halifax NS B3J 3C8
If you have questions about other Nova Scotia tax credits, contact:
Department of Finance
Government of Nova Scotia
P.O. Box 187
Halifax NS B3J 2N3
You may also visit www.gov.ns.ca/finance/ on the Department of Finance Web site.
If you have questions about Nova Scotia tax, visit the Canada Revenue Agency (CRA) Web site at www.cra.gc.ca or call the CRA at 1-800-959-8281.
To get forms, visit the CRA Web site at www.cra.gc.ca/forms or call 1-800-959-2221.
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